Gateway shares fall 8% on mixed earnings report

SAN FRANCISCO (MarketWatch) -- Gateway Inc.
gtw
shares fell more than 8% Thursday after the No. 3 U.S. personal-computer maker gave a mixed second-quarter earnings report. Gateway said it turned in a profit of $1.9 million, or a penny a share, compared to a year-ago loss of $7.7 million, or 2 cents a share. However, revenue fell to $841 million from last-year's $919 million. Analysts surveyed by Thomson Financial had forecast Gateway to break even on a per-share basis on $953 million in revenue.

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